Chapter 14 Blogger *_*

Article from: http://www.creditorweb.com/articles/balance-transfer-checks-opportunities-to-save.html

SUMMARY:

There are lots people who haven't realized that they can actually get a balance transfer check from one of these low or no interest offers, and deposit the check into their own, personal checking accounts. Once you've deposited the money, you can use it to pay off a variety of debts that you owe that are costing you more than 3.99% interest (or whatever the interest rate is on the balance transfer check offer you've received); and save quite a bit of money! As long as you make your monthly payments on time, you'll be able to keep your 0% or low interest offer on the balance transfer. Making even one payment late can be grounds for a rate increase, as well as late fees, and the financial gains of using the offer will be wiped out!


CONNECTION:

Chapter 14 is talking how that Credit card can help people a lot in our daily. Today I want to talk about how to protect our benefits. We need to find the ways to costless the interest. This article is suggesting people pay their monthly payments on time, therefore you may have a 0% or low interest offer on the balance transfer. As long as you doing this, you may save lots of money for your own!


REFLECTION:

After I read article, I have more ideas for how to pay the interest for the credit card. If I use a balance transfer check with 3.99% interest and a fee of 3% of my total amount to pay off a credit card or loan with 11% interest- as long as the dollar amount I borow from the balance transfer check is high enough, I am going to be saving enough money to make that a worthwhile fee to pay.